WHEREAS, TF is engaged in, among other activities, certain business activities including the manufacture and distribution of food products in the following categories (collectively, the “Categories”): 1) instant noodle (wheat flour and rice noodles), 2) confectionery, 3) beverage and 4) bakery. TF desires to further strengthen and expand its business in the Categories;
WHEREAS, MC has extensive experience in, among other activities, the business of manufacturing, trade, retail, wholesale, and logistics in the food and beverage industry, and desires to develop its business in alliance with TF; and
WHEREAS, for the sake of enhancement of TF’s corporate value and the mutual benefit of the Parties, the Parties desire to discuss and explore possible new business opportunities in the Categories in identified area(s) (the “New Business”) between themselves and possibly one or more third parties introduced to TF by MC (the “Third Party” or “Third Parties”) and a possible equity investment by MC in TF.